Day: May 8, 2021

Oil and gas companies in New Mexico may be in for a rude awakening, with a new law that would disallow any oil and gas company exemptions for reducing emissions. The New Mexico Environment Department (NMED) proposes a new rule that would improve air quality by removing all current exemptions for oil and gas wells and enact stricter emissions standards for the oil and gas industry. The new proposed ozone rule, unveiled by the NMED this week, targets to reduce emissions of ozone precursor pollutants—volatile organic compounds and oxides of…

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Pakistan will start reaping the benefits of the second phase of the China-Pakistan Economic Corridor (CPEC) in the form of industrial and agricultural development and a better road connectivity, Chairman of Pakistan’s CPEC Authority Asim Saleem Bajwa said. Several roads under CPEC are in their final phase which are expected to be inaugurated in 2021 and after their completion, locals will experience a better connectivity, and business opportunities in the country will increase, Bajwa said while talking to media on Tuesday night. Talking about the special economic zones (SEZs) being…

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BEIJING, May 8 (APP): The Suki Kinari Hydro Power Project woth US $ two billion being completed at a cost of US $ two billion under China-Pakistan Economic Corridor (CPEC) framework is expected to become operational by December 2022. Around 60 percent work of the 884 MW hydro power project in Khyber-Pakhtunkhwa province has been completed. It has also achieved the second-stage river closure, entering a new phase of its dam construction, according to a report published by CEN. Suki Kinari Hydropower Project is the largest independent hydro power producer…

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Stakeholders of the liquefied petroleum gas (LPG) sector have requested the Oil and Gas Regulatory Authority (Ogra) to take them on board while finalising the LPG Policy 2021. In a letter written to the Ogra chairman on Friday, Pakistan LPG Marketers Association (PLPGMA) Chairman Farooq Iftikhar said that the Ministry of Energy had drafted the LPG policy in haste and it was not shared with any LPG marketing company for feedback or comments. He pointed out that the proposed policy was different from the one that was earlier prepared by…

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The Asian Development Bank (ADB) will end all financing for coal mining and power plants and ban support for oil and gas production, under a draft energy policy released on Friday. The Philippines-based bank said there had been “profound changes in the energy landscape” since it last updated its energy policy in 2009 and that the document “is no longer adequately aligned with the global consensus on climate change”. By supporting coal exit across Asia, ADB said it would “support new job creation in cooperation with local communities and stakeholders”.…

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